PUTRAJAYA: Twenty initiatives focussing on five areas have been outlined to further strengthen the country's competitiveness where the focus is on attracting investments, boosting external trade and increasing the use of digital technology.
For this purpose, Prime Minister Tan Sri Muhyiddin Yassin said to assist small and medium-scale enterprises to obtain loans, Bank Negara had increased the targeted relief and recovery facility with an additional RM2bil and the automated and digitalisation facility by another RM700mil.
Additional funds of RM50mil for smart automation will be available for more mid-tier companies and SMEs to boost their efficiency in operations and manufacturing by putting advanced technology in place.